MultiCare Cuts Healthcare Waste by $2.5 Million Through Innovative Partnership
Becker's Hospital Review
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Contributed by: Kate Gamble
Summary
MultiCare Health System in Tacoma, Washington, has decreased unnecessary healthcare costs by approximately $2.5 million within a year, underscoring the excessive financial impact of wasteful medical care in the U.S. Healthcare sector. Collaborating with IllumiCare, the health IT company employed strategies to analyze lab and pharmaceutical expenses, mainly focusing on physician orders for antibiotics and lab tests to improve clinical efficiency. The use of IllumiCare's EHR-agnostic tool, CDS Hooks, facilitated context-specific recommendations for providers, ultimately aiding in more informed decision-making. Additionally, MultiCare implemented a quality metric that associated cost savings with individual practitioners' performance.
